Required information Problem 17-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 2019 Sales $ 384,665 $ 294,685 $ 204,500 Cost of goods sold 231,568 186,830 130,880 Grons profit 153,097 107,855 73,620 Selling expenses 54,622 40,667 26,994 Administrative expenses 34.620 25, 932 16,974 Total expenses 89,242 66,599 43,968 Income before taxes 63,855 41,256 29,652 Income tax expense 11,877 8,457 6,019 Net Income $ 51,978 $ 32,799 $ 23,633 2019 KORDIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 Assets Current assets $ 59,758 $ 39,996 Long-term investments 0 2.000 Plant assets, net 112,704 102,268 Total assets $ 172.462 $ 143,264 Liabilities and Equity Current abilities $ 25,179 921346 Common stock 73,000 73,000 Other paid-in capital 9, 125 9,125 Retained earning 65,158 39,293 Total liabilities and equity $ 172.462 $ 143,264 $ 53,466 3,190 62,038 $ 110,694 20,271 55,000 6,211 36,912 S 118,694 Problem 17-2A (Algo) Part 3 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as bose year. (Round your percentag answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2021, 2020 and 2019 2021 2020 2019 Assets % 100.00 100.00 100.00 % 10000 Current assets Long-term investments Plant assets, not Total assets Liabilities and Equity Current liabilities Common stock Other peld-in capital Rotained comings Total abilities and equity 100.00% 100.00 100.00 100.00 100.00 %